SHECF (Shin-Etsu Chemical Co) Cyclically Adjusted PB Ratio: (As of Sep. 18, 2026)

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SHECF Shin-Etsu Chemical Co Ltd SHECF
94 GF Score
Price $36.08
GF Value $34.61
Valuation Fairly Valued
! 2 Warning Signs
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What is Shin-Etsu Chemical Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shin-Etsu Chemical Co  (OTCPK:SHECF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Shin-Etsu Chemical Co Cyclically Adjusted PB Ratio Related Terms


Shin-Etsu Chemical Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shin-Etsu Chemical Co's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shin-Etsu Chemical Co Cyclically Adjusted PB Ratio Chart

Shin-Etsu Chemical Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.96 2.78 3.61 2.09 2.73

Shin-Etsu Chemical Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.36 2.53 2.32 2.80 3.11

SHECF vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Shin-Etsu Chemical Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shin-Etsu Chemical Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shin-Etsu Chemical Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shin-Etsu Chemical Co's Cyclically Adjusted PB Ratio falls into.


SHECF
94GF Score
Shin-Etsu Chemical Co Ltd SHECF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shin-Etsu Chemical Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Shin-Etsu Chemical Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Shin-Etsu Chemical Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=15.698/113.6000*113.6000
=15.698

Current CPI (Jun. 2026) = 113.6000.

Shin-Etsu Chemical Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.357 98.000 10.846
201612 8.184 98.400 9.448
201703 9.219 98.100 10.676
201706 9.162 98.500 10.567
201709 9.425 98.800 10.837
201712 9.636 99.400 11.013
201803 10.638 99.200 12.182
201806 10.156 99.200 11.630
201809 10.388 99.900 11.813
201812 11.027 99.700 12.564
201903 10.979 99.700 12.510
201906 11.437 99.800 13.018
201909 11.605 100.100 13.170
201912 11.687 100.500 13.210
202003 12.131 100.300 13.740
202006 12.167 99.900 13.836
202009 12.749 99.900 14.497
202012 13.125 99.300 15.015
202103 12.573 99.900 14.297
202106 13.051 99.500 14.900
202109 13.552 100.100 15.380
202112 13.500 100.100 15.321
202203 13.601 101.100 15.283
202206 12.694 101.800 14.165
202209 13.256 103.100 14.606
202212 15.346 104.100 16.746
202303 14.994 104.400 16.315
202306 14.061 105.200 15.184
202309 14.619 106.200 15.638
202312 15.736 106.800 16.738
202403 14.645 107.200 15.519
202406 14.462 108.200 15.184
202409 17.255 108.900 18.000
202412 14.699 110.700 15.084
202503 16.504 111.100 16.875
202506 15.948 111.700 16.219
202509 15.838 112.000 16.064
202512 15.288 113.000 15.369
202603 15.720 112.700 15.846
202606 15.698 113.600 15.698

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Shin-Etsu Chemical Co (SHECF) Overvalued in 2026?

Based on GuruFocus' analysis, Shin-Etsu Chemical Co stock appears to be overvalued. The current stock price of $36.08 is trading 4.2% above its estimated GF Value™ of $34.61. GuruFocus considers Shin-Etsu Chemical Co to be Fairly Valued.

Key valuation signals for SHECF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $34.61 vs. price of $36.08 (4.2% above fair value)
  • GF Score™: 94/100 with 2 warning signs

No single metric tells the full story. See the SHECF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shin-Etsu Chemical Co Business Description

Address 1-4-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005
Shin Etsu Chemical is an industrial conglomerate that was founded in 1926. Some of its largest product groups are silicon metal, polymer, silicone, rare-earth, and cellulose products. It holds top rankings in several markets, notably as the largest PVC and silicon wafer producer globally. Shin-Etsu is most exposed to the construction, semiconductors, and pharmaceutical sectors. Shin Etsu employed 27,342 people as of March 31, 2026, and has production bases in 17 countries.
94GF Score

Get the complete analysis for SHECF

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$36.08
Price
$34.61
GF Value